EVOQ Properties Inc.(fka EVOQ)

[SSTChicago]

The petition for the Official Equity Holders Committee was for a committee to represent the "Non-insider" equity holders. The reasoning was that Meruelo and Maddux were managing and controlling the debtor, and were thus represented by the debtor in the court. In apointing an OEC, the Court may have taken the position that minority shareholders' interests were not being adequately represented and that a seperate voice was needed for them in court.